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Home Buying Process Inspections

Home Buying Process Inspections. Objectives. Explain the Importance of Home Inspections Explain How to Locate an Inspector Describe The Purpose of Common Inspections. Inspections. Home Inspection Termite Inspection Lead Inspection Radon Inspection Asbestos Inspection Pool Inspection.

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Home Buying Process Inspections

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  1. Home Buying Process Inspections

  2. Objectives • Explain the Importance of Home Inspections • Explain How to Locate an Inspector • Describe The Purpose of Common Inspections

  3. Inspections • Home Inspection • Termite Inspection • Lead Inspection • Radon Inspection • Asbestos Inspection • Pool Inspection

  4. Inspections • May be required by lender • Determined by your type of mortgage and lender • May be costly • Can save money on repairs • Can have health benefits

  5. Locating an Inspector In NM, not all inspectors are required to have licenses. Anyone can offer home inspection services. • American Society of Home Inspectors (www.ashi.org) Possible Recommendations: • Real Estate Professional • Family or Friends • Recent Home Buyers • Yellow Pages

  6. A Home Inspection Major Components • Mechanical Systems • Structure • Finishing Materials • Roof

  7. A Home Inspection Pay special attention to: • Property and landscaping • Sidewalks and driveways • Roof, chimney and gutters • Foundation and structural support systems • Doors and windows • Insulation and ventilation • Heating, plumbing and air conditioning • Electrical system • Safety devices

  8. Termite Inspection A visual inspection of the entire interior and exterior areas of a house for evidence of wood-destroying insects and wood-destroying organisms. • Performed by a state-licensed pesticide business.  • Provides reasonable assurance that the physical security of the property is not threatened or damaged by wood-destroying insects. • Active infestations must be treated. 

  9. Lead Inspection A lead inspection includes: • An inventory of all painted surfaces (inside and outside). • Selection and testing of each paint. • A report listing the surfaces in the house containing lead-based paint. It typically DOES NOT include painted furniture (unless permanent, i.e. kitchen/bathroom cabinets, built-in bookshelves, etc).

  10. Radon Inspection Radon is an invisible, odorless, radioactive gas that occurs naturally. For a Free Radon Kit: • New Mexico Indoor Radon Outreach Program at (505) 287-1093 or http://www.nmenv.state.nm.us/mrcb/radon.html.

  11. Limit of Liability States a dollar amount the seller agrees to pay to make repairs prior to the purchase. • If repairs exceed the cost of the liability cap: • The seller is not obligated to pay for repairs. • The buyer is not obligated to purchase the house.

  12. Summary • Explained the Importance of Home Inspections • Explained How to Locate an Inspector • Described the Purpose of Common Inspections

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